QRG Capital Management Inc. grew its stake in shares of Linde PLC (NASDAQ:LIN – Free Report) by 22.9% in the first quarter, HoldingsChannel.com reports. The fund owned 71,604 shares of the basic materials company’s stock after acquiring an additional 13,346 shares during the quarter. QRG Capital Management Inc.’s holdings in Linde were worth $35,498,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of LIN. HB Wealth Management LLC increased its position in shares of Linde by 15.4% in the first quarter. HB Wealth Management LLC now owns 20,264 shares of the basic materials company’s stock worth $10,046,000 after purchasing an additional 2,703 shares during the period. Plimoth Trust Co. LLC raised its stake in Linde by 2.7% in the first quarter. Plimoth Trust Co. LLC now owns 7,441 shares of the basic materials company’s stock valued at $3,689,000 after purchasing an additional 196 shares in the last quarter. PFG Investments LLC lifted its position in Linde by 26.0% during the first quarter. PFG Investments LLC now owns 1,886 shares of the basic materials company’s stock worth $935,000 after purchasing an additional 389 shares during the period. Baer Investment Advisory LLC bought a new stake in Linde during the first quarter worth about $528,000. Finally, Canal Capital Management LLC acquired a new stake in Linde during the first quarter worth about $251,000. 82.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 target price on shares of Linde in a report on Monday, May 4th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price target on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Seaport Research Partners lifted their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, UBS Group restated a “buy” rating and set a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $543.27.
Linde Price Performance
Shares of LIN stock opened at $546.64 on Friday. The business has a fifty day simple moving average of $511.51 and a 200 day simple moving average of $483.83. The company has a market cap of $252.74 billion, a P/E ratio of 36.30, a P/E/G ratio of 3.43 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Linde PLC has a twelve month low of $387.78 and a twelve month high of $547.22.
Linde (NASDAQ:LIN – Get Free Report) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the previous year, the business posted $3.95 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, sell-side analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 42.50%.
About Linde
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
See Also
- Five stocks we like better than Linde
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN – Free Report).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.
